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20121223
20121223
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those who are in poor countries this former in the philippines asks for to under dollars to buy fertilizer for her farm this woman asks for a loan to expand hurt business to sell bags assault it sounds nice who keeps track of the money? how do i know would goes to those people? will lie get paid back? the founder joined us from san francisco. had rino which cannot get scammed? >> we spend our time making sure the loans on the website are legitimate. we do it through three methods. we find local field partners to make sure their legitimate organizations they are the business plans of the men and women. a farmer in the philippines trying to buy a cow for a dairy business. they get on the website from the local field partner. then there audited to make sure it is true. if not, then we shut them down. as you get to repaid you know, the business has earned enough money to pay you back. then you can withdraw the money back or landed to another entreprenuership. john: looking at the distance i would assume most do not get paid back? >> over the last seven years repayment is an 98%? th
-- the philippines. >> the philippines. okay. >> it's no surprise, don, because they're overwhelmingly -- the overwhelming majority are christians, and about 80% are catholic, and so you have the christmas season that runs from september until january. i mean, they don't have to stop for halloween or thanksgiving in between, but still, it's this holiday season that's filled with lavish decorations and these beautifully lit trees, and these are some of the ireports that we've received throughout this period starting in september of the decorations that they've gone and they've had, and there's these lantern that is they use that stems back generations because when there wasn't electricity, these lanterns made of paper and bam boo, they use them as way to guide their paths to -- it's like a good nighteding light of worship is what they use them for. >> i'm such a scrooge this year. i'm not feeling it. i'm not feeling it this year. this is a commercial. it's too commercial. let me tell you, after -- i don't know. i should probably put up a tree or do something. i mean, but after newtown i
Search Results 0 to 1 of about 2